Tradeweb Markets (TW) Intangibles (2018 - 2026)
Tradeweb Markets (TW) recorded quarterly Intangibles of $1.1 billion in Q1 2026, up 313.97% quarter-over-quarter from $270.3 million in Q4 2025, and down 10.22% on a YoY basis from $1.2 billion in Q1 2025.
Tradeweb Markets (TW) Intangibles (2018 - 2026) Analysis & Trends
Tradeweb Markets' Intangibles history runs 9 years deep, the most recent figure standing at $1.1 billion for Q1 2026.
- In Q1 2026, Intangibles fell 10.22% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 10.22% YoY), while the FY2025 annual figure was $270.3 million, down 78.9% from the prior year.
- Intangibles was $1.1 billion for Q1 2026 at Tradeweb Markets, up from $270.3 million in the prior quarter.
- In the past five years, Intangibles ranged from a high of $1.3 billion in Q4 2024 to a low of $131.3 million in Q4 2023.
- Historically, Intangibles has averaged $790.7 million across 5 years, with a median of $1.0 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Intangibles sank 87.99% in 2022, then jumped 875.31% in 2024.
- A 5-year view of Intangibles shows it stood at $141.8 million in 2022, then decreased by 7.4% to $131.3 million in 2023, then surged by 875.31% to $1.3 billion in 2024, then slumped by 78.9% to $270.3 million in 2025, then surged by 313.97% to $1.1 billion in 2026.
- The last three Intangibles figures came in at $1.1 billion (Q1 2026), $270.3 million (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 103,154.28 Bn | 103,154.28 Bn | - | 8.83 Mn |
| 2 | Morgan Stanley | 334.86 Bn | 201.33 Bn | - | 5.96 Bn |
| 3 | Goldman Sachs | 322.95 Bn | -614.60 Bn | - | - |
| 4 | Schwab Charles | 158.90 Bn | 113.93 Bn | - | 7.41 Bn |
| 5 | Robinhood Markets | 83.76 Bn | 79.11 Bn | 960.00 Mn | 203.00 Mn |
| 6 | Interactive Brokers | 40.42 Bn | 51.01 Bn | - | - |
| 7 | LPL Financial Holdings | 23.70 Bn | 22.67 Bn | - | 3.41 Bn |
| 8 | Tradeweb Markets | 21.55 Bn | 20.30 Bn | - | 1.12 Bn |
| 9 | Iren | 19.92 Bn | 17.71 Bn | 144.76 Mn | - |
| 10 | Circle Internet | 18.99 Bn | 17.48 Bn | 35.01 Mn | 421.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 270.30 Mn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.21 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.28 Bn |
| Sep 30, 2024 | 305.09 Mn |
| Jun 30, 2024 | 1.00 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 131.33 Mn |
| Sep 30, 2023 | 1.03 Bn |
| Jun 30, 2023 | 1.02 Bn |
| Mar 31, 2023 | 1.05 Bn |
| Dec 31, 2022 | 141.83 Mn |
| Sep 30, 2022 | 144.69 Mn |
| Jun 30, 2022 | 1.13 Bn |
| Mar 31, 2022 | 152.24 Mn |
| Dec 31, 2021 | 1.18 Bn |
| Sep 30, 2021 | 1.20 Bn |
| Jun 30, 2021 | 163.77 Mn |